HOME Top Market Reports Privileged Identity Management Market by Solution (Identity Management, Access Management, Session Monitoring and Management), Service, Installation Type (Appliance-Based & Agent-Based), Deployment Mode, Vertical, and Region - Global Forecast to 2021

Privileged Identity Management Market by Solution (Identity Management, Access Management, Session Monitoring and Management), Service, Installation Type (Appliance-Based & Agent-Based), Deployment Mode, Vertical, and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: March 2017
Report Code: TC 5081

 

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The privileged identity management market size is expected to grow from USD 922.0 Million in 2016 to USD 3,792.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%. The report aims at estimating the market size and future growth potential of privileged identity management across different segments, such as solutions, services, installation types, deployment modes, organization size, verticals, and regions. The base year for the study is 2015 and the market size is considered to be 2016 to 2021. The objective of the study is to define, describe, and forecast the privileged identity management market on the basis of solutions, services, installation types, deployment modes, verticals, and regions. It also analyzes recent developments, such as joint ventures, mergers & acquisitions, new product developments, and research & developments in the global market.

The research methodology used to estimate and forecast the privileged identity management market begins with collection and analysis of data on key vendor revenues through secondary sources, such as company website, press releases, annual reports, TechTarget reports, Cloud Security Alliance reports, SC magazine, and SANS Institute studies. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all the segments and subsegments. The breakdown of profiles of the primary is depicted in the below figure:

Privileged Identity Management Market

To know about the assumptions considered for the study, download the pdf brochure

The privileged identity management market comprises key vendors, such as ARCON (India), Balabit (Hungary), BeyondTrust (U.S.), Bomgar Corporation (U.S.), CA, Inc. (U.S.), Centrify (U.S.), Core Security (U.S.), Cyberark (U.S.), Hitachi-ID (Canada), IBM Corporation (U.S.), Iraje (U.S.), Lieberman Software (U.S.), MANAGEENGINE (U.S.), MICROFOCUS (U.K.), NRI SecureTechnologies (U.S.), ObserveIT (U.S.), Onion ID (U.S.), Oracle Corporation (U.S.), Osirium (U.K.), Quest Software (U.S.), Silverlake Mastersam (Singapore), Simeio Solutions (U.S.), Thycotic (U.S.), Wallix (France), and Wheel Systems (U.S.). These vendors sell privileged identity management solutions to end-users to cater to their unique business requirements and security needs.

Key Target audience

  • Government agencies
  • Privileged identity management vendors
  • Identity and access management solution providers
  • Independent software vendors
  • Consulting firms
  • System integrators
  • Value-Added Resellers (VARs)
  • Information Technology (IT) security agencies
  • Managed Security Service Providers (MSSPs)

 “Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report segments the privileged identity management market into the following submarkets:

By Component:

  • Solution
    • Identity management
    • Access management
    • Session monitoring and management
  • Service
    • Professional services
      • Implementation and integration
      • Consulting
      • Education and training
      • Support and maintenance
    • Managed services

By Installation Type:

  • Agent-based
  • Appliance-based

By Deployment Mode:

  • On-premises
  • Cloud

By Organization Size:

  • Small and Medium Enterprises (SMEs)
  • Large enterprises

By Vertical:

  • Banking, Financial Services, and Insurance (BFSI)
  • Government and Defense
  • Healthcare
  • Manufacturing
  • Energy and Utilities
  • Telecom and IT
  • Retail
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • Middle East and Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North America privileged identity management market
  • Further breakdown of the Europe market
  • Further breakdown of the APAC market
  • Further breakdown of the MEA market
  • Further breakdown of the Latin America market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Privileged Identity Management Market
    4.2 Market: Components
    4.3 Market, By Region and Vertical
    4.4 Market Potential
    4.5 Lifecycle Analysis, By Region, 2016

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Solution
           5.2.2 By Service
           5.2.3 By Installation Type
           5.2.4 By Deployment Mode
           5.2.5 By Organization Size
           5.2.6 By Vertical
           5.2.7 By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Threat of Data Breach Due to Insider Attacks
                    5.3.1.2 Need to Optimize Organization Efficiency
                    5.3.1.3 Government Regulatory Compliances and Adoption of Best Practices for Identity Management
           5.3.2 Restraints
                    5.3.2.1 High Cost of Innovation and Implementation
           5.3.3 Opportunities
                    5.3.3.1 Increased Digitization and Adoption of Identity as A Service (IDaaS)
                    5.3.3.2 Emergence of Intelligence-Based Privileged Identity Management Solutions
           5.3.4 Challenges
                    5.3.4.1 Lack of Awareness About Emerging Security Threats

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Key Trends in Privileged Identity Management
           6.3.1 Emergence of Cloud-Based Privileged Identity Management
           6.3.2 Rise in Cloud Computing
           6.3.3 The Development of Adaptable and Intelligence-Based Privileged Identity Management Solutions
    6.4 Regulatory Implications
           6.4.1 Payment Card Industry Data Security Standard (PCI–DSS)
           6.4.2 Health Insurance Portability and Accountability Act (HIPAA)
           6.4.3 Federal Information Security Management Act (FISMA)
           6.4.4 Gramm-Leach-Bliley Act (GLB Act)
           6.4.5 Sarbanes-Oxley Act (SOX)
           6.4.6 The International Organization for Standardization (ISO) Standard 27001

7 Privileged Identity Management Market Analysis, By Component (Page No. - 45)
    7.1 Introduction
    7.2 Solutions
           7.2.1 Identity Management
           7.2.2 Access Management
           7.2.3 Session Monitoring and Management
    7.3 Services
           7.3.1 Professional Services
                    7.3.1.1 Implementation and Integration
                    7.3.1.2 Consulting
                    7.3.1.3 Education and Training
                    7.3.1.4 Support and Maintenance
           7.3.2 Managed Services

8 Privileged Identity Management Market Analysis, By Installation Type (Page No. - 57)
    8.1 Introduction
    8.2 Appliance-Based
    8.3 Agent-Based

9 Privileged Identity Management Market, By Deployment Mode (Page No. - 61)
    9.1 Introduction
    9.2 Cloud
    9.3 On-Premises

10 Privileged Identity Management Market Analysis, By Organization Size (Page No. - 65)
     10.1 Introduction
     10.2 Large Enterprises
     10.3 Small and Medium Enterprises

11 Privileged Identity Management Market Analysis, By Industry Vertical (Page No. - 69)
     11.1 Introduction
     11.2 Banking, Financial Services, and Insurance
     11.3 Government and Defense
     11.4 Healthcare and Pharmaceuticals
     11.5 Manufacturing
     11.6 Energy and Utilities
     11.7 It and Telecom
     11.8 Retail
     11.9 Others

12 Geographic Analysis (Page No. - 78)
     12.1 Introduction
     12.2 North America
     12.3 Europe
     12.4 Asia-Pacific
     12.5 Middle East and Africa
     12.6 Latin America

13 Vendor Dive Analysis (Page No. - 100)
     13.1 Introduction
     13.2 Vendor Inclusion Criteria
     13.3 Vendor Dive
             13.3.1 Vanguard
             13.3.2 Innovator
             13.3.3 Dynamic
             13.3.4 Emerging
     13.4 Overview
     13.5 Product Offerings (For All 25 Players)
     13.6 Business Strategy (For All 25 Players)

14 Company Synopsis (Page No. - 105)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Centrify Corporation
     14.2 Lieberman Software Corporation
     14.3 Balabit Corp.
     14.4 Beyondtrust, Inc.
     14.5 Bomgar Corporation
     14.6 Thycotic
     14.7 CA, Inc.
     14.8 Quest Software Inc.
     14.9 Cyberark Software Ltd.
     14.10 Observeit
     14.11 Zoho Corp (Manageengine)
     14.12 Simeio Solutions
     14.13 Micro Focus Netiq
     14.14 Hitachi Id Systems, Inc.
     14.15 Wallix
     14.16 Core Security
     14.17 IBM Corporation
     14.18 Oracle Corporation
     14.19 Silverlake Mastersam Limited
     14.20 Onion Id, Inc.
     14.21 Arcon
     14.22 Iraje
     14.23 Osirium Ltd
     14.24 Wheel Systems
     14.25 NRI Securetechnologies

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 123)
     15.1 Industry Excerpts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introduction RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (76 Tables)

Table 1 Privileged Identity Management Market Size and Growth Rate, 2014–2021 (USD Million)
Table 2 Market Size, By Component, 2014–2021 (USD Million)
Table 3 Market Size, By Component, 2016–2021 (USD Million)
Table 4 Market Size, By Solution, 2016–2021 (USD Million)
Table 5 Solutions: Privileged Identity Management Market Size, By Region, 2016–2021 (USD Million)
Table 6 Identity Management: Market Size, By Region, 2016–2021 (USD Million)
Table 7 Access Management: Market Size, By Region, 2016–2021 (USD Million)
Table 8 Session Monitoring and Management: Market Size, By Region, 2016–2021 (USD Million)
Table 9 Privileged Identity Management Market Size, By Service, 2016–2021 (USD Million)
Table 10 Services: Market Size, By Region, 2016–2021 (USD Million)
Table 11 Privileged Identity Management Market Size, By Professional Service, 2016–2021 (USD Million)
Table 12 Professional Services: Market Size, By Region, 2016–2021 (USD Million)
Table 13 Implementation and Integration: Market Size, By Region, 2016–2021 (USD Million)
Table 14 Consulting: Market Size, By Region, 2016–2021 (USD Million)
Table 15 Education and Training: Market Size, By Region, 2016–2021 (USD Million)
Table 16 Support and Maintenance: Market Size, By Region, 2016–2021 (USD Million)
Table 17 Managed Services: Market Size, By Region, 2016–2021 (USD Million)
Table 18 Privileged Identity Management Market Size, By Installation Type, 2016–2021 (USD Million)
Table 19 Appliance-Based: Market Size, By Region, 2016–2021 (USD Million)
Table 20 Agent-Based: Market Size, By Region, 2016–2021 (USD Million)
Table 21 Privileged Identity Management Market Size, By Deployment Mode, 2016–2021 (USD Million)
Table 22 Cloud: Market Size, By Region, 2016–2021 (USD Million)
Table 23 On-Premises: Market Size, By Region, 2016–2021 (USD Million)
Table 24 Privileged Identity Management Market Size, By Organization Size, 2016–2021 (USD Million)
Table 25 Large Enterprises: Market Size, By Region, 2016–2021 (USD Million)
Table 26 Small and Medium Enterprises: Market Size, By Region, 2016–2021 (USD Million)
Table 27 Privileged Identity Management Market Size, By Industry Vertical, 2016–2021 (USD Million)
Table 28 Banking, Financial Services, and Insurance: Market Size, By Region, 2016–2021 (USD Million)
Table 29 Government and Defense: Market Size, By Region, 2016–2021 (USD Million)
Table 30 Healthcare and Pharmaceuticals: Market Size, By Region, 2016–2021 (USD Million)
Table 31 Manufacturing: Market Size, By Region, 2016–2021 (USD Million)
Table 32 Energy and Utilities: Market Size, By Region, 2016–2021 (USD Million)
Table 33 It and Telecom: Market Size, By Region, 2016–2021 (USD Million)
Table 34 Retail: Market Size, By Region, 2016–2021 (USD Million)
Table 35 Others: Market Size, By Region, 2016–2021 (USD Million)
Table 36 Privileged Identity Management Market Size, By Region, 2014-2021 (USD Million)
Table 37 North America: Privileged Identity Management Market Size, By Component, 2016–2021 (USD Million)
Table 38 North America: Market Size, By Solution, 2016–2021 (USD Million)
Table 39 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 40 North America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 41 North America: Market Size, By Installation Type, 2014–2021 (USD Million)
Table 42 North America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 43 North America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 44 North America: Market Size, By Industry Vertical, 2014–2021 (USD Million)
Table 45 Europe: Privileged Identity Management Market Size, By Component, 2016–2021 (USD Million)
Table 46 Europe: Market Size, By Solution, 2016–2021 (USD Million)
Table 47 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 48 Europe: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 49 Europe: Market Size, By Installation Type, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 51 Europe: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 52 Europe: Market Size, By Industry Vertical, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Privileged Identity Management Market Size, By Component, 2016–2021 (USD Million)
Table 54 Asia-Pacific: Market Size, By Solution, 2016–2021 (USD Million)
Table 55 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Market Size, By Installation Type, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 60 Asia-Pacific: Market Size, By Industry Vertical, 2014–2021 (USD Million)
Table 61 Middle East and Africa: Privileged Identity Management Market Size, By Component, 2016–2021 (USD Million)
Table 62 Middle East and Africa: Market Size, By Solution, 2016–2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 64 Middle East and Africa: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 65 Middle East and Africa: Market Size, By Installation Type, 2014–2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 67 Middle East and Africa: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 68 Middle East and Africa: Market Size, By Industry Vertical, 2014–2021 (USD Million)
Table 69 Latin America: Privileged Identity Management Market Size, By Component, 2016–2021 (USD Million)
Table 70 Latin America: Market Size, By Solution, 2016–2021 (USD Million)
Table 71 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 72 Latin America: Market Size, By Professional Service, 2014–2021 (USD Million)
Table 73 Latin America: Market Size, By Installation Type, 2014–2021 (USD Million)
Table 74 Latin America: Market Size, By Deployment Mode, 2014–2021 (USD Million)
Table 75 Latin America: Market Size, By Organization Size, 2014–2021 (USD Million)
Table 76 Latin America: Market Size, By Industry Vertical, 2014–2021 (USD Million)


List of Figures (36 Figures)

Figure 1 Global Privileged Identity Management Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 North America is Expected to Hold the Largest Market Share in 2016
Figure 7 Services Segment is Expected to Grow at A Higher CAGR Than Solutions During the Forecast Period (2016–2021)
Figure 8 Cloud-Based Deployment Mode is Expected to Grow at A Higher CAGR Than On-Premises During the Forecast Period
Figure 9 Healthcare and Pharmaceutical Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Privileged Identity Management Market is Expected to Witness Remarkable Growth Opportunities Due to the Need to Meet Compliance Requirements and Protect From Internal Cyber Threats in the Forecast Period
Figure 11 Appliance-Based Installation Type is Expected to Grow at A Higher CAGR Than Agent-Based Installation Type During the Forecast Period
Figure 12 North America is Expected to Hold the Largest Market Share in the Privileged Identity Management Market in 2016
Figure 13 Asia-Pacific is Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 14 Regional Lifecycle: Asia-Pacific is Expected to Be in the Growth Phase in 2016
Figure 15 Privileged Identity Management Market Segmentation: By Solution
Figure 16 Market Segmentation: By Service
Figure 17 Market Segmentation: By Installation Type
Figure 18 Market Segmentation: By Deployment Mode
Figure 19 Market Segmentation: By Organization Size
Figure 20 Market Segmentation: By Vertical
Figure 21 Market Segmentation: By Region
Figure 22 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 23 Market: Value Chain
Figure 24 Among the Solutions, Identity Management is Expected to Contribute the Largest Market Size During the Forecast Period
Figure 25 Professional Services Segment is Expected to Have A Larger Market Size Than Managed Services During the Forecast Period
Figure 26 Appliance-Based Installation Type is Expected to Grow at A Higher CAGR Than Agent-Based Installation Type During the Forecast Period
Figure 27 Cloud-Based Deployment Mode is Expected to Grow at A Higher CAGR Than On-Premises During the Forecast Period
Figure 28 SME Segment is Expected to Grow at A Higher CAGR Than Large Enterprises Segment During the Forecast Period
Figure 29 Healthcare and Pharmaceuticals Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Asia-Pacific is Expected to Witness the Highest Growth Rate From 2016 to 2021
Figure 31 North America is Expected to Be the Leader in Terms of Market Size During the Period 2016–2021
Figure 32 North America Market Snapshot
Figure 33 Asia-Pacific: Market Snapshot
Figure 34 Dive Chart
Figure 35 Dive Chart
Figure 36 Dive Chart

MarketsandMarkets expects the privileged identity management market size to grow from USD 922.0 Million in 2016 to USD 3,792.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%. The constant pressure of managing data breaches, along with the need to improve productivity and reduce costs has led enterprises of all sizes to adopt privileged identity management solutions for critical credentials management. Also, cloud-based deployment is gaining high traction in the market, as it requires less capital investment, helps decrease the operational & maintenance costs, and reduces the management’s efforts. Cloud privileged identity management solutions are available according to customer’s demand, wherein a customer can start or stop any service, at will. Privileged identity management solutions, such as identity management, access management, and session monitoring & management are used to manage and secure industries from various cyber threats.

Privileged identity management solutions combine the capabilities of managing identity content, such as usernames, passwords, and other privileged information associated with privileged accounts within the enterprises. The identity management solution is expected to dominate the privileged identity management market, contributing the largest market share during the forecast period. Session monitoring and management is expected to play a key role in changing the identity management landscape and grow at the highest growth rate during the forecast period, as Bring Your Own Device (BYOD) adoption in enterprises is expected to continue to grow.

Cloud deployment is the fastest-growing deployment mode in the privileged identity management market, as it benefits organizations with increased scalability, speed, 24/7 services, and enhanced management capabilities. Small & Medium Enterprises (SMEs), in particular, have opted for cloud deployment, as it can help them avoid costs pertaining to hardware, software, storage, and technical staff.

Privileged Identity Management Market

North America is expected to have the largest market size and would dominate the privileged identity management market during the forecast period. Increasing penetration of the Internet and smart & connected devices has led to growing security needs. Also, rapid economic growth in the developing APAC countries, along with improving regulatory reforms and economic stability is driving the growth of the market in this region. In Latin America, SMEs as well as enterprises belonging to a range of verticals, such as public utilities, Banking, Financial Services, & Insurance (BFSI), healthcare, retail, and manufacturing, are expected to increase investments in privileged identity management solutions.

High implementation and integration cost is becoming an important restraint for the growth of the market.

The increasing adoption of cloud and mobile devices is expected to provide great opportunities to the privileged identity management solution vendors to grow in the future. There are several established players in this market, such as ARCON (India), Balabit (Hungary), BeyondTrust (U.S.), Bomgar Corporation (U.S.), CA, Inc. (U.S.), Centrify (U.S.), Core Security (U.S.), Cyberark (U.S.), Hitachi-ID (Canada), IBM Corporation (U.S.), Iraje (U.S.), Lieberman Software (U.S.), MANAGEENGINE (U.S.), MICROFOCUS (U.K.), NRI SecureTechnologies (U.S.), ObserveIT (U.S.), Onion ID (U.S.), Oracle Corporation (U.S.), Osirium (U.K.), Quest Software (U.S.), Silverlake Mastersam (Singapore), Simeio Solutions (U.S.), Thycotic (U.S.), Wallix (France), and Wheel Systems (U.S.). To further strengthen their positions in the market, the major vendors have opted to strengthen their product portfolios by launching new products and services in the past five years.

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